Bankruptcy is a great way for some people to get rid of all or most of their debt, but the process is confusing for some. Individuals filing bankruptcy typically have questions before, during, and even after the process is finalized. If you are suffering from immense debt, below are the…
Category: Bankruptcy
Many federally backed mortgage loans are currently under foreclosure moratoriums. This means that many loan servicers are unable to file mortgage foreclosure actions against homeowners who have been unable to make their mortgage payments. For many homeowners already in the foreclosure process, this also means that many homeowners have been…
If you’re having problems paying your mortgage, help is within your reach. Take heart knowing you’re not the only one scrambling to meet debt payments on the home you own – especially during the COVID-19 era. The percentage of homeowners at least one payment delinquent jumped 4 percentage points in…
While filing for bankruptcy can be an effective means of managing debt that’s become unbearable, it’s inescapable that it will leave a mark on your credit rating. It will be a challenge to obtain a home mortgage after bankruptcy, for example, but bankruptcy does not necessarily mean homeownership is permanently…
No one ever wants to file bankruptcy but, sometimes, it is the only option. Many people understand that bankruptcy is a way for people to discharge their debt so they can get a fresh start and begin rebuilding their credit. Unfortunately, this is the extent of the knowledge many people…
Making the decision to file for bankruptcy is always a difficult one. Once you have determined that it is your best option, it is critical to avoid some common mistakes both before you file, and throughout the process. Aside from the enormous amount of paperwork involved, filing for bankruptcy requires…
If you are dealing with financial obligations that you cannot afford to pay, bankruptcy may be your best option for improving your situation. While many people are hesitant to file bankruptcy, there is no reason to be ashamed about doing so. Filing bankruptcy can allow you to get a “clean…
Most people understand that when they file for bankruptcy, they will have their debts discharged and will no longer be responsible for them. Although being free of debt is one impact that bankruptcy will have–and the reason why most people file–there are others as well. It is important to understand…
There are many different scenarios and circumstances that can land an individual in debt. When that individual is no longer able to make the necessary monthly payments, it is critical that he or she reaches out to a law firm that specializes in bankruptcy and debt relief. It is important…
